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Notice that demand for abducted children is inelastic in regard to number of children walking around the neighborhood. This means there are two equilibrium poin
by Isognoviastoma 6y ago
Notice that demand for abducted children is inelastic in regard to number of children walking around the neighborhood. This means there are two equilibrium points of walking children market: first is letting them play as much as they wish, making probability of abduction of _your_ children as small as it can be; second is letting them out almost never, with probability of abduction for a walk being 1. Which of that do you prefer?